Nationwide statistics about health insurance premiums between 2003 and 2010 have shown that every state’s costs have been soaring. The state-by-state analysis was performed by a nonprofit health policy foundation called the Commonwealth Fund. What the research discovered was that within that span of seven years, the family coverage premiums soared by an average of 50 percent. The report about the findings predicted that if premiums continue to rise at the same rate, then the average premium paid by a family will explode to almost $24,000 per year by 2020.…
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Department of Health and Human Services softens 2013 deadline for insurance exchange plans
Health care reform has been an issue for several states since its came to being back in 2010. The Affordable Care Act, which was meant to streamline both the insurance and health care industries, has been met with either extreme repulsion or lukewarm favor. Those of the former opinion have been keen to strike down the provisions of the law. One provision, however, has received almost universal acceptance. While the enthusiasm of this acceptance varies, the notion of a health insurance exchange program for each state has become popular. This…
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